Salient to Investors: Marc Nettelbeck at DZ Bank said the entire energy switch has derailed – the difficulties connecting offshore wind farms to the power grid reduces their profitability and renders the original investment calculations of utilities invalid. Marc Oliver Bettzuege at Cologne University said the offshore expansion in Germany
READ MORE... →Salient to Investors: Ryota Sakagami at SMBC Nikko Securities said the Japanese stock market is on the verge of a bubble as the BOJ and the government work to push up asset prices. Sakagami said the BOJ indicates it will act if the market were to fall so do not expect a correction.
READ MORE... →Salient to Investors: Justin Urquhart Stewart at Seven Investment Mgmt said today’s jobs data provides a dose of realism and the economy is falling to a lower, slower level of growth, so the market should not get too far ahead of itself. Urquhart Stewart said the concerns in Europe and Korea are enough reasons
READ MORE... →Salient to Investors: George Soros and Bill Gross at Pimco said the BOJ plan to end deflation risks weakening the yen. Gross said the yen has to depreciate much more for the BOJ to reach its inflation target of 2 percent, and other G-7 countries may not be willing to permit that. Read the full article
READ MORE... →Salient to Investors: Bill Gross at Pimco said: The economy will grow no more than 2 percent in 2013 even with one or two quarters of faster growth. A 2 percent new normal economy is the best we can expect. The impact of energy and housing will be limited to one or two quarters at
READ MORE... →Ethan Harris at Bank of America said most American companies are lean and mean, and their fiscal austerity is braking an otherwise improving economy and delaying growth. The labor force participation rate, fell to 63.3 percent, the lowest since May 1979. Wal-Mart merchandise is piling up in aisles and in the back
READ MORE... →Salient to Investors: Ryan Sweet at Moody’s Analytics said global markets are holding up well even as Europe struggles, and domestic demand is improving in the US which will increase imports. The median economists expects China growth to rise to 8.1 percent in 2013. Read the full article at http://www.bloomberg.com/news/2013-04-05/trade-deficit-in-u-s-unexpectedly-narrows-on-lower-oil-imports.html Click here to
READ MORE... →Salient to Investors: Mark Luschini at Janney Montgomery Scott said the payrolls report is a huge disappointment and will spook the market. Eric Zoldan at JHS Capital Advisors said we are in a very difficult economic environment and expects a lot of pressure on the market. Zoldan said most importantly the
READ MORE... →Salient to Investors: Goldman Sachs said global inventories will remain low and economic growth will pick up in the half2 2013, and maintained its Q2 target of $110 a barrel. Read the full article at http://www.bloomberg.com/news/2013-04-05/wti-crude-oil-futures-fall-after-u-s-payroll-data.html Click here to receive free and immediate email alerts of the latest forecasts.
READ MORE... →Salient to Investors: Students at more than 300 campuses, including the eight Ivy League schools, have joined fossil-fuel divestment activist group 350.org demanding that over the next 5 years universities purge their endowments of investments in 200 publicly traded companies with the largest reserves of oil, gas and coal. Scientists
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